Grant Thornton ropes in KPMG ex-partner Vasal to head tax business here

This comes at a time when all the top firms are looking to increase their taxation practices in the next couple of years on the back of regulatory changes like GST, BEPS and Ind-AS.

ET Bureau|

Dec 22, 2016, 11.27 AM IST

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In the last couple of years, many consultancy firms have been increasing their taxation teams.

MUMBAI: Grant Thornton, the fifth-largest services firm in the country, which is looking to increase its presence in the taxation vertical, has roped in former KPMG partner Vikas Vasal to head its tax business.

This comes at a time when all the top firms are looking to increase their taxation practices in the next couple of years on the back of regulatory changes like GST, BEPS and Ind-AS. i “GT has made significant advances in India in the last three years, having doubled our size to over 3,000 pel ople. Rotation of audit firms has enabled transformational opportunities for l us from the other big firms. f Helping our Indian clients navigate GST, BEPS, POEM and many such acronyms is a natural extension, and we hope to give a new impetus l to also becoming the tax firm of the future in India,“ said Vishesh Chandiok, national managing partner, Grant Thornton India.

In the last couple of years, many consultancy firms have been increasing their taxation teams. In some situa tions, firms have been aggressive in poaching part ners from competi tors. As of now, EY, PwC, Deloitte, PwC along with Grant Thornton, BMR and Dhruva Advisors ha ve majority of market share. Industry trackers say that currently the fight is in the GST where companies are being prepared for the regulatory change.

“Indian tax & regulatory landscape is fast changing and offers opportunity for professional services firms like Grant Thornton to offer business solutions in line with the global best practices customised to meet Indian requirements,“ said Vasal, partner & national leader, tax & regulatory services, Grant Thornton.

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